Document of the Day: A $2 Billion Fraud in Mozambique?

Here’s another fascinating look — through a recent US indictment — at the looting of Africa. This one involves alleged fraud tied to $2 billion in loans to state-owned companies in Mozambique, one of the world’s most indebted nations. Among the charges: conspiracy to violate U.S. anti-bribery law and to commit money laundering and securities fraud. Those state-owned firms are now reportedly bankrupt after defaulting on over $700 million in loan payments.

Editor’s Pick: Best Investigative Stories in Portuguese 2018

It was a year of significant transformation in the Portuguese-speaking world. This was especially true in Brazil, where corruption scandals landed top officials in jail and propelled a far right-wing politician into the presidency. This year, Lusophone journalists not only exposed corrupt practices via innovative projects, they also revealed sexual abuse and abortion challenges. Breno Costa, GIJN’s Portuguese editor, has selected some of the best investigations from 2018 .